EPIC RESEARCH MCX NATURAL GAS UPDATE OF 9 MAY 2016
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Naturalgas trading range for the day is 135-143.4. Natural gas prices shook off early declines and rose in tandem with oil as Canadian wildfires spread, increasing estimates of lost production.
Updated weather forecasting models showed that temperatures may be warmer than normal on the U.S. East Coast from May 9 to May 13 after a cold spell.
The U.S. Energy Department said that nationwide domestic gas stockpiles grew 68 billion cubic feet last week, slightly more than expected.
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